Senate Federal Reserve

Federal Reserve Chairman Kevin Warsh arrives to testiy before the Senate Banking, Housing and Urban Affairs Committee to deliver the semiannual monetary policy report to Congress, on Capitol Hill, Wednesday, July 15, 2026, in Washington.

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Despite frustration over high prices, Federal Reserve is expected to keep rates unchanged -- for now

Despite frustration over high prices, Federal Reserve is expected to keep rates unchanged -- for now

Federal Reserve policymakers are losing patience with inflation, which has been stuck above their 2% target for more than five years. But they may not be ready to turn their frustration into action by raising interest rates -- not this week anyway. Meeting in Washington Tuesday and Wednesday, the Fed is expected to keep its benchmark interest rate unchanged. Members of the central bank’s rate-setting committee may not be so reluctant to act when they gather again next Sept. 15-16. Overall, only 29% of Wall Street traders predict that the Fed will raise rates this week. But 76% foresee a rate hike in September.